Deutsche Bank Reiterates a 'Buy' on Nuance Communications (NUAN); Steady March Forward

Deutsche Bank reiterates a 'Buy' on Nuance Communications (NASDAQ: NUAN), PT raised from $24 to $26.

Deutsche analyst says, "NUAN delivered a quarter at the high end of the pre-announced range on April 22, printing $322m/$0.32 vs. our $331m/$0.31. Good numbers across all three verticals underscored the results. FY11 (Sept) guidance was raised at the low end of the range by $10m/$0.01 and the high end was reiterated at $1.36bn/$1.36. The acquisition of Equitrac strengthens the imaging segment and also provides distribution synergies with enterprise and healthcare."

For more ratings news on Nuance Communications click here and for the rating history of Nuance Communications click here.

Shares of Nuance Communications closed at $21.62 yesterday.

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